American star Kanye West says he turned down an offer of $2 million to promote a crypto scam. The rapper was due to publish the crypto scam on X before later claiming a hack on his account.
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Kanye West saves his community from a scam
Behind some crypto scam promotions by celebrities claiming to have suffered a hack are mafia deals lurking? In any case, this is what the revelations of American star Kanye West. Indeed, the rapper said he turned down an offer of $2 million to promote a crypto scam.
I was offered $2 million to scam my community. I said no and stopped working with the person who offered it to me.
Kanye West.
The rapper also shared the screenshot detailing how the scam might have played out. In particular, West is expected to receive an upfront payment of US$750,000. Upon receipt, the star is expected to promote a crypto scam on his X account. The publication should remain online for 8 hours, after which the rapper should delete it, claiming his account had been hacked. 16 hours later, an additional payment of $1.25 million should be released to the rapper.
A common practice in the crypto ecosystem
Several celebrities have already promoted crypto scams after suffering a hack. In September 2023, the founder of Ethereum Vitalik Buterin promoted a crypto scam on his hacked X account, causing his community to lose thousands of dollars. French footballer Kylian Mbappé or the actor Dean Norris have also been associated with similar misadventures. Still, it’s not certain that these stars faked hacks to siphon funds from their followers.
For others, there is no doubt that they use their community as an exit liquidity. This is particularly true of Nigerian rapper Davido, who made thousands of dollars last year by swindling his followers.
It’s important for every crypto user to exercise caution before investing. Just because a celebrity launches their memecoin or promotes a crypto doesn’t make it a good investment either.
I dream of a world where every citizen has total control over themselves, including their finances. I believe that Bitcoin is one of the tools that will achieve this revolution. Since 2019, I am learning about this cryptocurrency and spreading the word around.
